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Philippines waiting for Taiwan anger to cool MANILA: The Philippines is waiting for tempers in Taiwan to cool before settling the dispute over a shot Taiwanese fisherman, the head of an office in charge of relations said Sunday.Issues like Manila's "one-China" policy and comments by Taiwanese investigators branding the incident as murder have complicated the situation, said Amadeo Perez, chairman of the Manila Economic and Cultural Office."We are waiting for the right time because I was told by the secretary-general for Asian affairs, we should wait for the temperature in Taiwan to cool," Perez said in an interview with DZMM radio."The Taiwanese are highly emotional and... the media in Taiwan is heating things up so tempers are running high."Anger has grown in Taiwan after a 65-year-old Taiwanese fisherman was shot dead on May 9 by the Philippine coastguard.Taiwan has imposed sanctions against the Philippines, banning the entry of any more workers, recalling its de facto envoy and ...

China investigates North Korea boat hijack claim: official BEIJING: Chinese authorities were on Sunday investigating claims that unidentified North Koreans hijacked a Chinese fishing boat, kidnapping 16 sailors and demanding a ransom, local media and an official said.Armed North Koreans on May 6 hijacked the boat and escorted it towards North Korea while it was sailing in waters around 70 kilometres (40 miles) from North Korea's western coast, reports and the boat's owner Yu Xuejun said."The crew were taken away by a North ...
Art Basel to bring international flair to Hong Kong HONG KONG: Art lovers, collectors and gallerists will gather on Thursday for Hong Kong's inaugural edition of Art Basel, sealing the city's status as an international art hub and Asia's leading art destination.The four-day annual show is the world's premier art fair and has until now only been held in Switzerland and the United States each year. More than 2,000 international artists and 245 leading art galleries will come together for the event to be ...
Japan's elderly not acting their age SAITAMA: When amateur actress Etsuko Shigemoto walks out in front of a Paris audience in an all-Japanese production this month she will forget about being 87 years old."I have weak hearing and poor sight. I have problems all over my body," she said. "But I am still young in spirit."Shigemoto is one of a troupe of elderly actors average age 74 under the tutelage of world-renowned director Yukio Ninagawa."I have already reached the afternoon of ...
Strong 6.1 earthquake strikes off Japan coast TOKYO: A strong 6.1-magnitude earthquake struck off the northern coast of Japan's main Honshu island on Saturday, seismologists said, but no tsunami warning was issued and there were no immediate reports of damage.The quake hit at 2:48 pm (0548 GMT) in the Pacific some 50 kilometres (31 miles) from Namie town near the tsunami-ravaged Fukushima Daiichi plant, the United States Geological Survey said.Japan's meteorological agency estimated it as 5.9 magnitude at a depth of 50 ...
British woman may face death in Indonesia for drugs JAKARTAA British woman could face the death penalty in Indonesia after being arrested for allegedly smuggling crystal methamphetamine into the country from China, an official said Saturday.The woman, identified only by her initials AR, was arrested at a hotel in the city of Surabaya, East Java province, last month with 1.47 kilograms (three pounds, four ounces) of the drug, the national narcotics agency said."Because she smuggled drugs weighing more than five grams, she could face ...
Japan PM says shrine visits 'natural' WASHINGTON: Prime Minister Shinzo Abe defended in an interview Friday the right of Japan's leaders to visit a controversial shrine to war dead but hit back at critics who accuse him of revisionism.Amid the latest flare-up with China and South Korea over history, Abe quoted a US scholar as comparing the Yasukuni shrine to Arlington National Cemetery near Washington, which has a section for Confederate Civil War dead."I am of a view that we can ...

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln